In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 2/10/2013.
Monday’s sell off in the markets proved to be short lived as upward momentum resumed and, while the indexes spent the rest of the week meandering sideways, the S&P managed to add 0.33% from last Friday’s close while the Dow had its first weekly negative close this year.
Any sort of correction would be a healthy thing given the run we’ve had since the November sell off. Otherwise, if this spike to the upside continues, the eventual awakening could be rude and financially painful.
Some bond ETFs have already come off their highs and broken their long term trend lines but have not triggered their trailing sell stop points. TLH, in which we have positions, has come close a few times.
Higher yields equate to higher interest rates and lower bond prices, but it’s too early to tell whether this reversal is temporary. If it’s not, and this low interest period is slowly coming to an end, there is a good chance that stocks will follow and head south as well.
Over past week, we covered the following:
David Stockman: Housing Boom Is Not Sustainable; Another Bubble Waiting To Burst
New ETFs On The Block: Credit Suisse Gold Shares Covered Call ETN (GLDI)
ETF/No Load Fund Tracker Newsletter For Friday, February 8, 2013
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 2/7/2013
Stock Indexes Lose Steam; Europe Drifts Lower On Draghi
Index ETFs Rise On Earnings; Europe Slips On Italian Austerity Worries
7 ETF Model Portfolios You Can Use – Updated through 2/5/2013
Equities Rally On Buyout Hopes; Europe Bounces Back On Data
Major Market Indexes Lose Face-Off with Gravity; Europe Dives
ETFs/Mutual Funds On The Cutline – Updated Through 2/1/2013
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